Homes for Sale in Minnesota | Twin Cities Real Estate

First Time Home Buyer Assistance Programs

Dated: October 23 2023

Views: 139

first time home buyer assistance programs

Are you a first time home buyer that could you use an extra $18,000 in down payment assistance❓ 

See what you qualify for @ First Time Home Buyer Assistance Programs

APPLY NOW!

😴 Are you tired of renting? = YES ✔️

🗺️ Do you want to explore your options to buy? = YES ✔️

💳 Do you have 650+ credit? = YES ✔️

✋ ARE YOU READY to talk to a Realtor? = Yes ✔️

💰 Most of our programs only require $1,000 out of pocket.

Our down payment assistance programs available:

*State of Minnesota - Up to $18,000 🤑

*Several Minnesota Counties - Varies

*Several Minnesota Cities - Varies - Woodbury is up to $30,000 🤑

*Specific neighborhoods within cities - Varies

*Specific Lenders – Varies

If your credit is less than 650 but you want help and adivce we can assist with that too. We help everyone, we can help you too. 

Purchase Your First Home with the Start Up Program

If you're a first-time homebuyer, the Start Up program is designed for you. A first-time homebuyer is defined as someone who "has not had an ownership interest in a principal residence in the last three years." Whether you've never owned a home before or it's been more than three years since you last owned one, you may qualify as a first-time homebuyer.

Key features of the Start Up program include:

  1. Income Limits: Up to $142,800, depending on the county.

  2. House Price Purchase Limits:

    • Up to $515,200 in the 11-county Metro area.
    • $472,030 for all other counties.
  3. Downpayment and Closing Cost Loan Options: You can access up to $18,000 in assistance.

  4. Minimum Credit Score Requirement

  5. Owner-Occupancy Requirement

  6. Homebuyer Education: At least ONE borrower must complete an approved homebuyer education course before the home closing.

If you're a first-time homebuyer but find that your income or the purchase price exceeds the limits set by the Start Up program, consider exploring the Step Up program. More information on the Step Up program can be found under the section labeled "Repeat Homebuyers" below.

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Brian Zimpel

Meet Brian Zimpel – Your Trusted Minnesota Realtor Hi, I’m Brian Zimpel, a top-rated realtor with REMAX Professionals, helping buyers and sellers throughout Minnesota and the Twin Cities. Whether....

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